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Brokerage Commissions and Institutional Trading Patterns
16 references·16 citing·36 second hopsampled
Brokerage Commissions and Institutional Trading Patterns (2009)Brokerage Commissions and Institutional T…Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations (2006)Competing for Securities Unde…The Role of IPO Underwriting Syndicates: Pricing, Information Production, and Underwriter Competition (2005)The Role of IPO Underwriting …Regulation Fair Disclosure and Earnings Information: Market, Analyst, and Corporate Responses (2003)Regulation Fair Disclosure an…Transaction Costs and Asset Prices: A Dynamic Equilibrium model (1998)Transaction Costs and Asset P…Optimal control of execution costs (1998)Optimal control of execution …Transactions costs and investment style: an inter-exchange analysis of institutional equity trades (1997)Transactions costs and invest…Do Brokerage Analysts' Recommendations Have Investment Value? (1996)Do Brokerage Analysts' Recomm…The Behavior of Stock Prices Around Institutional Trades (1995)The Behavior of Stock Prices …Institutional trades and intraday stock price behavior (1993)Institutional trades and intr…Stock Prices and the Supply of Information (1991)Stock Prices and the Supply o…Price, trade size, and information in securities markets (1987)Price, trade size, and inform…Capital Market Equilibrium with Transaction Costs (1986)Capital Market Equilibrium wi…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Bid, ask and transaction pric…A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market (1984)A Simple Implicit Measure of …The Role of Market Forces in Assuring Contractual Performance (1981)The Role of Market Forces in …Transaction Costs, Portfolio Characteristics, and Mutual Fund Performance (2020)Transaction Costs, Portfolio …IQ from IP: Simplifying search in portfolio choice (2020)IQ from IP: Simplifying searc…Leveling the Playing Field between Large and Small Institutions: Evidence from the SEC's XBRL Mandate (2018)Leveling the Playing Field be…Institutional Trading and Abel Noser Data (2018)Institutional Trading and Abe…Corporate culture and analyst catering (2018)Corporate culture and analyst…Can information be locked up? Informed trading ahead of macro-news announcements (2016)Can information be locked up?…High‐Frequency Trading and the Execution Costs of Institutional Investors (2014)High‐Frequency Trading and th…Institutional trading and stock resiliency: Evidence from the 2007–2009 financial crisis (2013)Institutional trading and sto…ETF arbitrage: Intraday evidence (2013)ETF arbitrage: Intraday evide…Why Does Financial Strength Forecast Stock Returns? Evidence from Subsequent Demand by Institutional Investors (2012)Why Does Financial Strength F…Purchasing IPOs with Commissions (2011)Purchasing IPOs with Commissi…Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Costs (2011)Performance of Institutional …Disclosure and agency conflict: Evidence from mutual fund commission bundling (2011)Disclosure and agency conflic…The Role of Institutional Investors in Initial Public Offerings (2010)The Role of Institutional Inv…Managing Underwriters and the Marketing of Seasoned Equity Offerings (2010)Managing Underwriters and the…An analysis of trade-size clustering and its relation to stealth trading☆ (2007)An analysis of trade-size clu…Using daily stock returns (1985)Estimating the components of the bid/ask spread (1988)Measuring the Information Content of Stock Trades (1991)Market liquidity and volume around earnings announcements (1994)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)Market Liquidity and Funding Liquidity (2008)Efficient Capital Markets: II (1991)Inferring Trade Direction from Intraday Data (1991)Presidential Address: Friction (2000)The Value of Active Mutual Fund Management: An Examination of the Stockholdings and Trades of Fund Managers (2000)Stealth-trading: Which traders' trades move stock prices? (2001)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Common factors in prices, order flows, and liquidity (2001)Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market (2014)Job Market Signaling (1973)Transaction-Cost Economics: The Governance of Contractual Relations (1979)The Digitization of Word of Mouth: Promise and Challenges of Online Feedback Mechanisms (2003)Buzz: face-to-face contact and the urban economy (2004)The Impact of Social Structure on Economic Outcomes (2005)Does the Stock Market Overreact? (1985)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Investor Psychology and Asset Pricing (2001)… and the Cross-Section of Expected Returns (2015)The Behavior of Stock-Market Prices (1965)Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test (1988)Noise Trader Risk in Financial Markets (1990)Corporate Yield Spreads and Bond Liquidity (2007)Liquidity and Expected Returns: Lessons from Emerging Markets (2007)The Upstairs Market for Large-Block Transactions: Analysis and Measurement of Price Effects (1996)Optimal trading strategy and supply/demand dynamics (2012)
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References

  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 1981The Role of Market Forces in Assuring Contractual Performance3,652 cited
  • 1984A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market2,748 cited
  • 1987Price, trade size, and information in securities markets2,169 cited
  • 1996Do Brokerage Analysts' Recommendations Have Investment Value?1,916 cited
  • 1986Capital Market Equilibrium with Transaction Costs1,096 cited
  • 1998Optimal control of execution costs1,056 cited
  • 1995The Behavior of Stock Prices Around Institutional Trades794 cited
  • 1993Institutional trades and intraday stock price behavior626 cited
  • 1997Transactions costs and investment style: an inter-exchange analysis of institutional equity trades596 cited
  • 1991Stock Prices and the Supply of Information566 cited
  • 2003Regulation Fair Disclosure and Earnings Information: Market, Analyst, and Corporate Responses479 cited
  • 1998Transaction Costs and Asset Prices: A Dynamic Equilibrium model440 cited
  • 2005The Role of IPO Underwriting Syndicates: Pricing, Information Production, and Underwriter Competition

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413 cited
  • 2006Competing for Securities Underwriting Mandates: Banking Relationships and Analyst Recommendations374 cited
  • Cited by

    • 2016Can information be locked up? Informed trading ahead of macro-news announcements207 cited
    • 2013Institutional trading and stock resiliency: Evidence from the 2007–2009 financial crisis203 cited
    • 2010The Role of Institutional Investors in Initial Public Offerings201 cited
    • 2011Performance of Institutional Trading Desks: An Analysis of Persistence in Trading Costs196 cited
    • 2007An analysis of trade-size clustering and its relation to stealth trading☆189 cited
    • 2020IQ from IP: Simplifying search in portfolio choice165 cited
    • 2010Managing Underwriters and the Marketing of Seasoned Equity Offerings122 cited
    • 2011Purchasing IPOs with Commissions120 cited
    • 2018Institutional Trading and Abel Noser Data110 cited
    • 2013ETF arbitrage: Intraday evidence110 cited
    • 2018Corporate culture and analyst catering103 cited
    • 2011Disclosure and agency conflict: Evidence from mutual fund commission bundling100 cited
    • 2014High‐Frequency Trading and the Execution Costs of Institutional Investors100 cited
    • 2012Why Does Financial Strength Forecast Stock Returns? Evidence from Subsequent Demand by Institutional Investors96 cited
    • 2018Leveling the Playing Field between Large and Small Institutions: Evidence from the SEC's XBRL Mandate94 cited
    • 2020Transaction Costs, Portfolio Characteristics, and Mutual Fund Performance93 cited